Urban-High Street

2398 Lombard St

2398 Lombard St, San Francisco, CA 94123

Listing Price: $2,800,000

Cap Rate
5.39%
Gross SF
3,814
Rentable SF
3,814
Price/Gross SF
$734.14
Lot Size
0.06 acres
Year Built
1908

Investment Overview

2396-2398 Lombard Street is a top quality four unit retail building located in the heart of San Francisco's highly desirable Marina District. The Marina District is one of San Francisco's most affluent and chic neighborhoods. 2396-2398 Lombard Street (U.S. Route 101) is sandwiched between Chestnut Street and Union Street, two of the city's most iconic and active shopping corridors which provide a terrific assortment of restaurants, bars, and boutiques. World renown attractions such as the Presidio, the Golden Gate Bridge, Aquatic Park, Ghirardelli Square, Palace of Fine Arts and Fisherman's Wharf are all within blocks. Lombard Street's massive 48,000 vehicle per day traffic count (eastbound & westbound)* saturates the area with a fresh supply of daily consumers as the primary entrance and exit corridor to the Golden Gate Bridge and the North Bay.

Shoes-n-Feet has been an anchor tenant since 2006 while the three other units have been leased since 2017 with rents current through the pandemic period.

2396-2398 Lombard Street is a wood frame building (APN 0498-0220) built in 1908 and measures 3,814 square feet. The building has MSR rolled asphalt roofing and there are separate gas and electric meters as well as a 200-amp electric service.

This property presents an outstanding opportunity to own a prestigious, well maintained building with upside rental potential in one of the nations best neighborhoods.

Investment Highlights

  • Pride of Ownership Marina District Property
  • Sandwiched Between Chestnut & Union Streets Shops & Restaurants
  • 48,000+ Lombard Street Traffic Count
  • All Rents Current Though Covid
  • 5.4% Cap Rate

Exclusively Listed By

Listing Price: $2,800,000

Cap Rate
5.39%
Gross SF
3,814
Rentable SF
3,814
Price/Gross SF
$734.14
Lot Size
0.06 acres
Year Built
1908

Investment Highlights

  • Pride of Ownership Marina District Property
  • Sandwiched Between Chestnut & Union Streets Shops & Restaurants
  • 48,000+ Lombard Street Traffic Count
  • All Rents Current Though Covid
  • 5.4% Cap Rate

Investment Overview

2396-2398 Lombard Street is a top quality four unit retail building located in the heart of San Francisco's highly desirable Marina District. The Marina District is one of San Francisco's most affluent and chic neighborhoods. 2396-2398 Lombard Street (U.S. Route 101) is sandwiched between Chestnut Street and Union Street, two of the city's most iconic and active shopping corridors which provide a terrific assortment of restaurants, bars, and boutiques. World renown attractions such as the Presidio, the Golden Gate Bridge, Aquatic Park, Ghirardelli Square, Palace of Fine Arts and Fisherman's Wharf are all within blocks. Lombard Street's massive 48,000 vehicle per day traffic count (eastbound & westbound)* saturates the area with a fresh supply of daily consumers as the primary entrance and exit corridor to the Golden Gate Bridge and the North Bay.

Shoes-n-Feet has been an anchor tenant since 2006 while the three other units have been leased since 2017 with rents current through the pandemic period.

2396-2398 Lombard Street is a wood frame building (APN 0498-0220) built in 1908 and measures 3,814 square feet. The building has MSR rolled asphalt roofing and there are separate gas and electric meters as well as a 200-amp electric service.

This property presents an outstanding opportunity to own a prestigious, well maintained building with upside rental potential in one of the nations best neighborhoods.

Exclusively Listed By

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